YEIDA Scheme Extended till 15th May,2009

(This article has been further updated on 4th October,2009 )

The notice says that the Scheme has been extended till 15th May,2009 due to demand from Public. However, things don’t look that rosy. The Scheme has not been able to muster good response from investors as expected by the Yamuna Expressway Authority (previously known as Taj Express Way).

About Yamuna Expressway Residential Plot Scheme

These residential plots will be developed along under construction Noida-to-Agra Yamuna Expressway. The proposed site / sector is about five minutes drive from the proposed Formula One Racetrack . The land on which the plots would be developed is under the process of acquisition.

Details of Plots is as under

Category

Size (Sq. Mtr)

No. of Plots

Gen. Cat.

Farmer Cat.

Registration Amount

A

4000

100

83

17

5,00,000

B

2000

250

206

44

3,00,000

C

1000

1000

825

175

2,50,000

D

500

2000

1650

350

2,00,000

E

300

5000

4125

875

1,00,000

The rate of the land of the residential plots under this scheme is Rs. 4,750 per sq. mtr. The tentative date of draw is 10th August,2009.

Why did the Scheme failed in getting Response ?

With the current downtrend in Real estate prices, investors are worried about the returns from the Scheme

The Rate of Rs. 4,750 per Sq. Mtr. is considered to be aggressive given that the Scheme may take at least 8-10 years to develop.

Investors have doubts about the progress on the proposed Noida - Agra Expressway itself and any dealy on this project would also delay development under the Scheme.

The Agra Noida area is more prone to petty crimes and hence reduce the attractiveness of the scheme from Safety point of view.

Update on YEIDA Residential Scheme 2009 Draw

As per the Public Notice issued by the Yamuna Expressway Industrial Development Authority, the draw for YEIDA residential Scheme 2009(1) will be held on 14th October,2009 and 17th November,2009.

Draw for All Types (A,B,C,D & E) of Farmer Categories of Plot and General Category A-4000 Sq. Mtr, B-2000 Sq. Mtr. and C-1000 Sq. Mtr. will be held on 14th October,2009 at Community Center, Sector Delta-II Greater Noida at 10:00 AM. This will be a Manual Draw.

Draw for Category D-500 Sq. Mtr. and Category E-300 Sq. Mtr. will be held on 17th November,2009 at India Expo Mart, Greater Noida at 10:00AM. This will be a computerised draw.

Details of Eligible Applicants (whose application will be considered for draw) will be posted on the YEIDA Website from 5th October,2009. Click here to check your Application Status.

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comments:

Ghaziabad also has peety criminal activities but the rates are not coming down. However I agree that the scheme will take a lot of years to develop.There are better investment opportunities in NCR region.

We guys who are interested in YEIDA can join this Google group. http://groups.google.com/group/yeida?hl=enIt is a google group meant for like minded people to discuss our views. I don't have any financial interest in this and I don't live in India.

Smaller plots / affordable housing will be there. Mitsubishi is likely to construct Metro till Jewar.As someone said, you build it and they will come...All I can say is, this area will be in news for next 25 years. Delhi-ites will get used to Expressway living in no time.

I dont know the reason why the govment would decide to take such a fertile land and develop industries.Crime rate would go high for sure as nobody is interested in giving up their land. Lets c how it goes.

Is there any one who knows the exact location of Yamuna Expressway residential Plots scheme. The authority is cheeting by not giving the location in their broucher. Some one is saying it one hrs long drive from Delhi then let me know the speed of vehicle and location in Delhi from the vehicle is moving. So all these are stupid information.

From the comments, I can see that yamuna expressway sector will be a non-starter. Even before the plot is alloted, people are trying to sell their plots.This place is over 55kms from Sarita Vihar (almost twice the distance to Greater Noida).People may buy farm houses in this place but for normal guys, run.......

can anyone tell me When I can check my application no. in Eligible applicant list in D-category of 300 Sq. mt. plot size. I couldnt get my application no. in the list which has been issues. when will they launch the eligible applicant list of 300 sq. mt plot

I m seriously interested in buying one 300/500 sq mts plot. Actually I had applied for one but didn't get:(Could you please write me back at vivek0786@googlemail.com if you are serious and quote reasonable rates.thanks/vivek

If anybody wishes to sell/purchase plots in Yamuna Express way I have both puchasers as well as sellers of plots.Madhusudannoida_properties@yahoo.com981804545199990454519310045451Sandeep93111584039818158403

I am on the look out to buy a 300 sq. mtr. plot in Yamuna Expressway from an Option 2 allottee...I am ready to pay a premium of about Rs.1,00,000 (Negotiable - as per location of the plot i.e. Sector, Park facing etc.) for the plot...Intersted Seller/Broker can contact me at +91-9873138373

interested in purchasing a plot at the yamuna express way. not in posititon to pay a premium. Any one interested in selling at the same rate may pleasae contact at the email address mkhur2000@gmail.com

Premiums seem to be coming down very fast. Down to Rs.500-600 per sq mtr, and in some cases even Rs.200. Even depends upon type of alotment i.e. I or II and location. Already advertisement in both TOI and HT on the availability of plots with property dealer. Is it a buyers market?

Dear friends, do not fall to the traps of property dealers while selling your plots...Do remember smaller plots have always higher premium. Do not sell your 300 and 500 sqmtr plots less than 1500 premium, because that is the justified amount, for a property that will convert into crores in time to come.

If Premium is Rs. 600 per sq. mtr., then total payment in Option 2 will be Rs.4,25,000 + Rs.1,80,000+ Brokerage + Trasfer Fee etc = Approximately Rs. 6,00,000. In that much I can book 2 flats (2 to 3 BHK - low cost)in Jaypee/Supertech/Unitech/Amarapli etc. in Noida or Greater Noida, which I will get in 3-4 yrs & is closer to Delhi). Also, the 3-4 year return will be better for these flats than a 300 sq. mtr plot in Yamuna Expressway.

I am one of the luckiest person to have 300 sq mtr plot in Yamuna Expressway recent draw. I advise all the allottees to hold their plots atleat for a period of 3 years. I understand plots in nearby area are being offered at a price of 15000 sq.mtr by Jaypee Greens

there is no devlopement in coming 3-4 years, dont panic to purchase now wait for right time & think before purchase as no transfer allowed by YEA autority, and not possible in near future. Be Careful.....

I 100% agree with you sir I personally visited the site there is agricultural land only, no seperate plot available. and YES not allowed to transfer property. thanks to advise people who are going to blank deal. rajeshwar singh thakur

I am also agree there is no development right now but you see the price offered by YEA is very low and within 3-4 years price will be 3to4 times,Big projects of reputed builders and Govt. are coming in this area, so one has tokeep patience or have a lot of money to invest for immediate profit.So Please don't discourage.

I am interested to buy 300Mtr. Plot from Genuine Seller on low Premium. Persons can contact me at sachinakumar.bansal@gmail.com.any body can verify that Property can be transfer or not at the time of payment of premium.

Please dont rush to buy plots in YEA at this stage. Wait for 2-3 months and you will get plots at allotment rates. Please believe me. I have experience of more than 10 years in rela estate development.

I am interested to buy 300Mtr. Plot from Genuine Seller on low Premium. Persons can contact me at sipendra@gmail.com.any body can verify that Property can be transfer or not at the time of payment of premium.

I am interested in buying 300 Sqmt plot. If anyone genuine seller want to sale can contact me at 9985124856. Excuse to brokers and person expecting too hyped prices. Quaote the premium considering 10-15 years of development time and fall down of real estate.

i am interested to buy 300 smtr plot. with Premium range 400-500. contact at 9015383114. dont panic to buy at higher rate the rate will go down in next couple of days. dealers are playing games. no confirmation by authority of transfer open to other than allottee as printed in news papers yesterday.

so think before invest your hard earned money. wait for right time the project will take time 7-8 year for devlopment. possission time is 4 year.

dont panic to buy at higher rate the rate will go down in next couple of days. dealers are playing games. no confirmation by authority of transfer open to other than allottee as printed in news papers yesterday.

so think before invest your hard earned money. wait for right time the project will take time 7-8 year for devlopment.

I am interested in buying 300 Sqmt plot. If anyone genuine seller want to sale can contact me at 9985124856. Excuse to brokers and person expecting too hyped prices. Quaote the premium considering 10-15 years of development time and fall down of real estate.

I am interested to buy 300Mtr. Plot from Genuine Seller on low Premium of Rs 300. Persons can contact me at sachinakumar.bansal@gmail.com.any body can verify that Property can be transfer or not at the time of payment of premium.

Premiums seem to be coming down very fast. Down to Rs.500-600 per sq mtr, and in some cases even Rs.200. Even depends upon type of alotment i.e. I or II and location. Already advertisement in both TOI and HT on the availability of plots with property dealer. Is it a buyers market?

All buyers - don't pay any premium.Just see the number of plots - more than 19000 at one place which is going to take 10-15 years to develop. Sellers are more than buyers - only these brokers are engaging in speculation. So BEWARE.

Should the Real Estate market during this period come into recession, you will get these plots at discount instead of premium !

Mr Kumar as per your query pl.note that no transfer can be done after paying premium + cost unless the plot get registered to original allottee. than it can be trfd to you, it will be very costly.

The YEA authority not opening the transfer ( as given in newspaper i.e. fake news )to the purchaser other than allottee at any cost.

some body given fake advertisement in news paper to increase premium of Plots. only the dealers are playing game. lots of plot have been sold at higher rate like 1000 to 1250 /sq.mtr during the friday to monday.

But now YEA authority given clear notice that the information given in news paper was fake.and no transfer is open.

now today rate come down from 1000 to 500-700.

I suggest to purchase dont panic to purchase wait the plot will be available at 100-200 premium within 2 month.

70% draw was on financed by bank. and 30% is only genuine buyer.so the rest 40% have no money to buy and market condition are not so good for the same.

YEA will take 4-5 years to give possassion. sector -21 & lot of sector land will be available for purchase in very near future i.e. 2010-2011. so dont hury go for step by step. i hope every body who are going very fast they will think. let me give your openion.

i want to sell a my two plotsone plot in sector 20 L-358 and other one in sector 18 7D-1.i m expecting rs850 per sq. meter and this is final.any one interested can contact me on my number 9958453540 and through email ramans82@gmail.com

It seems that people who wish to purchase the plots are posting comments with regard to low premium on YEA plots. The fact remains that such people are also looking to purchase these plots at a lower premium and are trying to influence successful applicants to lower down the premium. Further, it is a fact that no doubt there is not much rental value of plots/flats in Greater noida but property prices have arisen tremendously. Also, given the fact that Jaypee Greens have recently launched sports city project, the price of YEA plots are bound to rise in future and this is the reason why people want to buy these plots. So stop influencing the successful applicants and find out good premium at which you can get these YEA plots!!!

I am interested in purchasing a 300 sq.m. plot in YEDA. However, the premium quoted now seems to be on very higher side. I am wathcing this scheme for a very long time and I feel that in the coming days the premium would be around 200 to 500 sq.m. would be reasonable depending upon the payment plan and location. The biggest drawback of this scheme's low premium is that they have alloted a huge number of plots and the time it will take to operationalise. As the allotment has been made on huge scale so the applicants who have applied for fun would be larger. They wont be able to arrange amount thereafter the instalment with interest that would be around Rs. 120000/- per six month. However, I still say if anybody has the capacity to keep it for some years i.e. 5 - 10 years, it will be a good investment.I still prefer to watch this for some more time till the first week of January 2010. I hope to begin the New Year with a good note. If anybody interested to sell is 300 sq.m. plot at the above premium can contact me at 9868215366 - D.K. Sharma

Please dont rush to buy plots in YEA at this stage. Wait for 2-3 months and you will get plots at allotment rates. Please believe me. I have experience of more than 10 years in rela estate development.

I wish to Buy on behalf of a society looking to buy a number of genuine plots sized 300 sq mtrs..at a flat rate of 500-600 Rs premium. No time wasters please. Dealers and genuine sellers welcome.9716277555Mr.Kapoor

Rest of you can wait for a hike....which aint gonna happen.In january the premium will drop below 200 as more then 12000 alotees have financed theese plots and cant pay an instalment on the 17th

In my opinion, at present, the premium on plots are just 3-4 times high in comparison to expected premium. -Is it due to the manipulation by few big Investors/Financiers & Dealers? 21000 plots are allotted. And the lot of Applications were financed by banks. As per my opinion, if you are a Short Term Investor, you should book profit immediately. Because, now if the market turns back, there will be a steep fall in premium. Then there will be lot of Sellers & it will be difficult for you to get even a single buyer for your plot. Again I would like to warn Small & Short Term Investors with limited money in hand - book profit immediately, before the market premium crash.

In my opinion, at present, the premium on plots are just 3-4 times high in comparison to expected premium. -Is it due to the manipulation by few big Investors/Financiers & Dealers? About 21000 plots are allotted. And the lot of Applications were financed by banks. I think, if you are a long term investor & can hold it for no. of years (probably 8-9yrs), then its a good investment AND if you are a Short Term Investor, then you should book profit immediately. Because, now if the market turns back, there will be a steep fall in premium. Then there will be lot of Sellers & it will be difficult for you to get even a single buyer for your plot. Again I would like to warn Small & Short Term Investors with limited money in hand - book profit immediately, before the market premium crash

It is good site for information on YEA happening.Aaj dainik jagran main YEA ka article aaya hai,go through it and decide wat can be the premium 2 years down the line.If all said in the newspaper is done then yahan se kam se kam double hona chaiye rate.But holdin period is min. 2 years.

Hi, I am interested to buy a 300m NE corner Plot in YEA at a reasonable premium from direct party. Interest ginuine seller can contact me @ 9999459965 or ajeet.shishodia@gmail.com. Brokers please excuse. Tell me if I can take loan from bank or not? ajeet shishodia

Hi All,I am sure price will fall down further. Premium of 300 per meter looks okay to me after consulting with seniors.It will take a very long time (min 5 yrs) to develop and much-2 better options are available in delhi ncr region which is value for money.Buyers be cautious...

All Buyers,Dont hurry in buying 300 mtr plots. It is dealers game and they are charging more premium which is waste of your hard earned money. Just have a look at the site . It is too far and will take atleast 5 + years to develop. Premium of 300-500 is reasonable. It is better to invest in Noida projects rather than this. Wait for 3-6 months where you will find the reality. Dont hurry in buying.

DWARKA DASS :- I am interested to buy one 500 sqr. mtr. residential plot at road two or three side open north east at road side facing under Yamuna Expressway Res. plot scheme 2009(I) intrested party contact immediate at Mob No. 9716030240 or 8802151452

The Delhi Mumbai Industrial Corridor (DMIC) project influence area spans almost 12 per cent of the geographical area in Uttar Pradesh.

DMIC is likely to provide employment to about 2,50,000 people by propelling industrialisation and development of social and physical infrastructure in NOIDA, Greater Noida and the Yamuna Expressway zone.

Under DMIC, one investment region and one industrial area are to be developed in UP.

Greater Noida Industrial Development Authority (GNIDA) and UP State Industrial Development Corporation Ltd (UPSIDC) are the nodal agencies for Dadri-NOIDA-Ghaziabad investment region and Meerut-Muzaffarnagar industrial area, respectively.

According to the industry department, Greater Noida will be the first node and gateway of this project.

Eleven projects have been identified (early bird project) by Greater Noida Authority in the Dadri-NOIDA-Ghaziabad investment region under DMIC.

Early bird projects include development of Bodaki railway station, metro rail (NOIDA-Greater Noida-Jewar), Dadri-Tughlakabad-Ballabhgarh railway line, NOIDA-Greater Noida-Faridabad Expressway, rail link to proposed international airport at Jewar from the towns of National Capital Region (NCR), development of city-centre in NOIDA sector-32, multi-level car parking, NOIDA auto-mart, establishment of power plant and development of Taj International Aviation Hub.

Thus Pls Think again, as entrying in the field of Property at any place is always beneficial during Initial Times and YEIDA is the best option for the same..